Over 150,000 small and medium businesses have received government stimulus package – NBSSI

As at the end of the first week of September, more than 150,000 applicants have so far received their funds from the Coronavirus Alleviation Business Programme (CAPBuSS) administered by the National Board for Small Scale Industries (NBSSI).

According to the Executive Director of the NBSSI, Kosi Yankey Aryeh, every sector of the economy that has been affected as a result of the coronavirus pandemic has received support through the programme which was launched in March this year.

She told JoyBusiness that, disbursement is still ongoing due to the large number of applications received.

The CAPBuSS was launched by President Akufo-Addo to support micro, small and medium businesses that have been negatively affected by the outbreak of the Coronavirus in the country with a seed fund of GH₵1 billion from both government and participating banks.

Finance Minister, Ken Ofori-Atta also disclosed an amount of GH₵150 million to be added to the fund. This is to ensure that more businesses in the micro, small and medium enterprises benefit from the government support.

Kosi Yankey Aryeh assures that all sectors of the economy will be taken care of.

“In all sectors, in all regions and in all districts in Ghana, there’s a beneficiary in one of those districts and regions. It’s still funding so if you are aware, the government raised extra funds in the mid-year review, the Minister of Finance increased the budget by a GH₵150 million to provide support and relief to various sectors and those funds are also available to provide support and relief to as many other businesses as possible,” she concluded.

Source: myjoyonline
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